Bonanza Lab Registers Patent for Integrated Management Technology of Virtual Asset Indices

Bonanza Lab Registers Patent for Integrated Management Technology of Virtual Asset Indices

Bonanza Lab, a company specializing in virtual asset data, announced on the 3rd that it has registered a patent for its virtual asset index calculation data service technology.

This patent is a technology that integrates and manages the entire process of index operation in one system, including data collection from multiple exchanges, standardization, quality judgment, index calculation, anomaly monitoring, and result provision.

Bonanza Lab has been conducting Proof-of-Concept (PoC) for index calculation technology with domestic index operators for application in financial services, and it is understood that the requirements necessary for actual index operation have been reflected in the patented technology.

Based on this patent registration, the company plans to expand cooperation with index operators and financial companies and provide the necessary infrastructure for virtual asset-based financial products such as Bitcoin Exchange Traded Funds (ETFs).